Balance, May 1, 2023 Issued common shares Net income Dividends declared Balance, April 30, 2024 Common Shares $24,050 254,000 $278,050 Sunland Inc. Statement of Changes in Equity Year Ended April 30, 2024 Retained Earnings $ $ $ $0 [4] [5] [6] $ Total Equity. $24,050 254,000 [7] (9,500) $446,675

Balance, May 1, 2023 Issued common shares Net income Dividends declared Balance, April 30, 2024 Common Shares $24,050 254,000 $278,050 Sunland Inc. Statement of Changes in Equity Year Ended April 30, 2024 Retained Earnings $ $ $ $0 [4] [5] [6] $ Total Equity. $24,050 254,000 [7] (9,500) $446,675

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Balance, May 1, 2023
Issued common shares
Net income
Dividends declared
Balance, April 30, 2024
Common Shares
$24,050
254,000
$278,050
Sunland Inc.
Statement of Changes in Equity
Year Ended April 30, 2024
Retained Earnings
LA
$
$
$0
[4]
[5]
[6]
Total Equity.
$24,050
254,000
[7]
(9,500)
$446,675

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